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Microsoft's upcoming Project Scorpio console is four and a half time times as powerful as the existing Xbox One. That's according to Microsoft gaming boss Phil Spencer, who made the comment as part of GamesSpot sister site Giant Bomb's E3 show last night.

"Scorpio is more powerful than the original Xbox One, four and a half times. And the six teraflops will impact the games and how they play," he explained.

Also in the interview, Spencer mentioned that Microsoft considered releasing a new, more powerful Xbox One this year. However, Microsoft abandoned the idea because the company thought it would be better to wait until it was sure it could deliver a box with six teraflops. The Scorpio goes on sale in holiday 2017, though a price has not yet been announced.

Microsoft will release the Xbox One S in August, and while it will offer HDR and 4K for TVs that support it, Spencer said you shouldn't expect the system to run your existing games better.

"If you already have an Xbox One, don't go buy an Xbox One S thinking your games are going to play better. If you like the design or if you want the 4K streaming great. HDR? Great. But I'm not trying to upgrade you there," he explained.